Tariffs have been applied over the years to protect homegrown industries and target competitors who are seen as using unfair trade practices. They impose costs on both importers and exporters and had been in decline until the recent U.S.-China trade war.

On May 8, South Africans will vote in national elections for the sixth time since the end of apartheid and the transition to “non-racial” elections in 1994. While there are forty-eight political parties contesting, only three have a reasonable chance of forming a government. They are the ANC, the Democratic Alliance (DA), and the Economic Freedom Fighters (EFF).